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Ford Says `Tata' to Jaguar, Land Rover

Ford Sells Jaguar, Land Rover to India's Tata Motors; Ford Will Net $1.7 Billion -- roughly a third of the price it paid for the two luxury brands. The deal announced Wednesday will expand the Indian carmaker's reach around the globe and give Jaguar and Land Rover badly needed capital to update and expand their product lines. The sale had been in the works for months as cash-strapped Ford sought money to fund its turnaround plan.

Voting Details: 4 positive, 1 negative
Submitted: 594 days ago
Submitted by: vel
Category: Off Topic
Tagged as hot: 524 days ago

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